Why trusts remain relevant in financial planning

For many families, passing on wealth is not only about deciding who should benefit. It is also about making sure assets are managed in the right way, at the right time and for the right purpose. This can be particularly important where children, vulnerable beneficiaries, property or significant sums are involved. Simply handing an asset from one person to another does not always provide the control or protection a family needs. Once money or property is transferred outright, the person making the gift may have little say over how it is used, when it is spent or what happens to it if t...